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$KMX, provider of vehicle financing through its superstores, said that 1Q17 used unit comps were slightly positive and total used units grew 4%. Comp units were driven by an improvement in conversion which offset a modest decrease in traffic. Traffic was lower due to lower Tier 3 sales. For the non-Tier 3 customer base, comp units rose by 3.6%.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.